UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 In the Matter of SCANA Corporation CERTIFICATE PURSUANT TO RULE (File No. 70-10087) 24 UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 This Certificate of Notification is filed by SCANA, a South Carolina corporation, pursuant to Rule 24 (17 C.F.R. S250.24). Such filing is made in connection with SCANA's Form U-1 Application, as amended (the Application), and authorized by the order (the Order) of the Securities and Exchange Commission (the Commission) dated February 12, 2003, in the above-referenced file. The Order directed that SCANA file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after each calendar quarter. This certificate reports transactions from the period April 1, 2003 through June 30, 2003. Capitalized terms not otherwise defined herein have the meaning ascribed in the Application. 1. SCANA Common Stock sold during the quarter: None 2. SCANA Common Stock issued or issuable under options granted during the quarter under employee benefit plans and dividend reinvestment plans: Options to purchase 61,550 shares of SCANA common stock were exercised pursuant to the SCANA Corporation Long-Term Equity Compensation Plan. 190,976 shares of SCANA common stock were purchased in the open market and subsequently issued pursuant to the SCANA Investor Plus Plan, and 303,744 shares of SCANA common stock were purchased in the open market and subsequently issued pursuant to employee benefit plans. 3. SCANA Common Stock transferred to a seller of securities of a company being acquired: None 4. SCANA guarantees issued during the quarter: The guarantees below remain in effect until the earlier of contract fulfillment or termination by SCANA. With respect to transactions originating prior to the date of termination, the guarantee remains in effect until the underlying obligations are satisfied. The guarantees are issued in order to facilitate the energy trading activities of SCANA and its subsidiaries. SCANA issued a guarantee to Apache Corporation for SCANA Energy Marketing, Inc. (SEMI) in the amount of $15.0 million. SCANA issued a guarantee to BG LNG Services, LLC for SEMI in the amount of $25.0 million. SCANA issued a guarantee to Chevron Texaco Natural Gas for SEMI in the amount of $5.0 million. SCANA increased the guarantee amount on a previous guarantee issued to Superior Natural Gas Corporation for SEMI from $5.0 million to $7.0 million. SCANA issued a guarantee to Progress Ventures, Inc. for SEMI in the amount of $0.5 million. SCANA issued a guarantee to BG LNG Service, LLC for South Carolina Pipeline Corporation (SCPC) in the amount of $10.0 million. In aggregate, the exposure in regards to guarantees issued and outstanding by SCANA does not exceed $600 million as authorized in the Holding Company Act Release 35-27649 (February 12, 2003). 5. The amount and terms of any financings consummated by any utility or Intermediate Subsidiary, including short-term debt by SCANA and the issuance of any other securities during the quarter: A. Utility Subsidiary short-term debt issuances: South Carolina Electric & Gas Company: SCE&G's existing 364-Day Revolving Credit Agreement which was to expire on June 17, 2003 was replaced by a new 364-Day Revolving Credit Agreement that will expire on June 15, 2004. The principal amount of the credit agreement is $150 million in Promissory Notes with the following persons: Bank of America, N.A.- $35 million Wachovia Bank, N. A. - $35 million The Bank of New York - $30 million SunTrust Bank - $20 million Credit Suisse First Boston - $20 million KBC Bank - $10.0 million The applicable interest rates ranging from .375% to 1.500% will be based upon the Debt Rating of SCE&G. Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $7.8 million to $46.5 million, at interest rates ranging from 1.18% to 1.30%. The maximum amount of short-term indebtedness of South Carolina Electric & Gas Company outstanding at any one time during the period was $176.8 million. Public Service Company of North Carolina, Incorporated: Short-term debt in the form of commercial paper issued through Lehman Brothers and Merrill Lynch, ranging in amount from $1.2 million to $5.5 million, at interest rates ranging from 1.30% to 1.32%. The maximum amount of short-term indebtedness of Public Service Company of North Carolina, Incorporated outstanding at any one time during the period was $10.7 million. South Carolina Generating Company, Inc.: Borrowings through the Utility Money Pool. See Exhibit Index. B. Public Service Company of North Carolina, Incorporated long-term debt issuances: None C. SCANA debt issuances: No long-term debt was issued during the period. No short-term debt was issued during the period. D. Debt issuances by Intermediate Subsidiaries: None 6. Registration Statements filed with the Commission pursuant to the Securities Act of 1933 during the quarter: None 7. Nonutility subsidiary financings consummated during the quarter that are not exempt under Rule 52: None 8. Hedge Instruments or Anticipatory Hedges entered into during the quarter: On May 8, 2003 SCE&G entered into a $300 million, 4.721% Treasury Rate Lock Agreement with Credit Suisse First Boston Management, LLC in anticipation of SCE&G's issuance of $300 million First Mortgage Bonds on May 14, 2003. On May 14, 2003 the Treasury Rate Lock entered into on May 8, was unwound at a rate of 4.491% and $12.0 million was paid by SCE&G to Credit Suisse First Boston Management, LLC. 9. Investments in Intermediate or Financing Subsidiaries during the quarter: None 10. Forms U-6B-2 filed with the Commission during the quarter: SCANA Corporation Form U-6B-2 filed May 29, 2003 South Carolina Electric & Gas Company Form U-6B-2 filed June 2, 2003 South Carolina Electric & Gas Company Form U-6B-2 filed June 6, 2003 11. Consolidated and separate balance sheets as of the end of the quarter for each company that engaged in jurisdictional financing transactions during the quarter: SCANA Consolidated Balance Sheet (Exhibit A-1). South Carolina Electric & Gas Company Balance Sheet (Exhibit A-2). Public Service Company of North Carolina, Incorporated Balance Sheet (Exhibit A-3). South Carolina Generating Company, Inc. Balance Sheet (Exhibit A-4). 12. Capital Structures of SCANA and each Utility Subsidiary: See Exhibit Index 13. Maximum borrowings from and loans to the Utility Money Pool and the Nonutility Money Pool and the interest rate applied during the quarter: See Exhibit Index 14. Dividends paid by Nonutility subsidiaries: None 15. Development or Administrative activities conducted by SCANA and its subsidiaries during the quarter: None 16. Internal reorganization of subsidiaries during the quarter: None SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, SCANA has duly caused this Certificate to be signed on its behalf by the undersigned hereunto duly authorized. SCANA Corporation Registrant by: s/James E. Swan, IV ------------------------------------- James E. Swan, IV ------------------------------------ (Name) Controller (Title) Dated: August 26, 2003 EXHIBITS A-1 Balance Sheet for SCANA Corporation as of June 30, 2003 (Filed herewith) A-2 Balance Sheet for South Carolina Electric & Gas Company as of June 30, 2003 (Filed herewith) A-3 Balance Sheet for Public Service Company of North Carolina, Incorporated as of June 30, 2003 (Filed herewith) A-4 Balance Sheet for South Carolina Generating Company, Incorporated as of June 30, 2003 (Filed herewith) B Capital Structures of SCANA and each Utility Subsidiary (Filed herewith) C Schedule I and II of SCANA Corporation Form U-6B-2 filed August 26, 2003, incorporated by reference herein Exhibit A-1 SCANA CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------- June 30, December 31, Millions of dollars 2003 2002 -------------------------------------------------------------------------------- Assets Utility Plant: Electric $5,361 $5,228 Gas 1,631 1,593 Other 197 184 -------------------------------------------------------------------------------- Total 7,189 7,005 Accumulated depreciation and amortization (2,577) (2,476) -------------------------------------------------------------------------------- Total 4,612 4,529 Construction work in progress 914 677 Nuclear fuel, net of accumulated amortization 28 38 Acquisition adjustments, net of accumulated amortization 230 230 -------------------------------------------------------------------------------- Utility Plant, Net 5,784 5,474 -------------------------------------------------------------------------------- Nonutility Property, Net of Accumulated Depreciation 93 95 Investments 220 231 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Nonutility Property and Investments, Net 313 326 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Current Assets: Cash and temporary investments 220 374 Receivables, net of allowance for uncollectible accounts of $21 and $17 377 478 Receivables - affiliated companies 15 8 Inventories (at average cost): Fuel 147 166 Materials and supplies 58 61 Emission allowances 9 10 Prepayments 44 40 Deferred income taxes, net 8 - -------------------------------------------------------------------------------- Total Current Assets 878 1,137 -------------------------------------------------------------------------------- Deferred Debits: Environmental 21 27 Nuclear plant decommissioning - 87 Assets held in trust, net-nuclear decommissioning 36 - Pension asset, net 266 265 Other regulatory assets 331 292 Other 167 146 -------------------------------------------------------------------------------- Total Deferred Debits 821 817 -------------------------------------------------------------------------------- Total $7,796 $7,754 ================================================================================ -------------------------------------------------------------------------------- June 30, December 31, Millions of dollars 2003 2002 -------------------------------------------------------------------------------- Capitalization and Liabilities Stockholders' Investment: Common equity $2,258 $2,177 Preferred stock (Not subject to purchase or sinking funds) 106 106 -------------------------------------------------------------------------------- Total Stockholders' Investment 2,364 2,283 Preferred Stock, net (Subject to purchase or sinking funds) 9 9 SCE&G-Obligated Mandatorily Redeemable Preferred Securities of SCE&G's Subsidiary Trust, SCE&G Trust I, holding solely $50 million principal amount of 7.55% Junior Subordinated Debentures of SCE&G - 50 Long-Term Debt, net 2,930 2,834 -------------------------------------------------------------------------------- Total Capitalization 5,303 5,176 -------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 212 209 Current portion of long-term debt 403 413 Accounts payable 222 354 Accounts payable - affiliated companies 13 8 Customer deposits 39 39 Taxes accrued 88 78 Interest accrued 55 52 Dividends declared 41 39 Deferred income taxes, net - 4 Other 52 77 -------------------------------------------------------------------------------- Total Current Liabilities 1,125 1,273 -------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 754 747 Deferred investment tax credits 115 118 Reserve for nuclear plant decommissioning - 87 Asset retirement obligation - nuclear plant 114 - Postretirement benefits 136 131 Regulatory liabilities 137 114 Other 112 108 -------------------------------------------------------------------------------- Total Deferred Credits 1,368 1,305 -------------------------------------------------------------------------------- Total $7,796 $7,754 ================================================================================ Exhibit A-2 SOUTH CAROLINA ELECTRIC & GAS COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------- June 30, December 31, Millions of dollars 2003 2002 -------------------------------------------------------------------------------- Assets Utility Plant: Electric $5,066 $4,934 Gas 445 439 Other 197 184 -------------------------------------------------------------------------------- Total 5,708 5,557 Accumulated depreciation and amortization (1,991) (1,912) -------------------------------------------------------------------------------- Total 3,717 3,645 Construction work in progress 795 604 Nuclear fuel, net of accumulated amortization 28 38 -------------------------------------------------------------------------------- Utility Plant, Net 4,540 4,287 -------------------------------------------------------- ----------------------- Nonutility Property and Investments, Net 26 25 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Current Assets: Cash and temporary investments 81 56 Receivables, net 226 237 Receivables - affiliated companies 64 46 Inventories (at average cost): Fuel 32 48 Materials and supplies 50 53 Emission allowances 9 10 Prepayments 27 24 -------------------------------------------------------------------------------- Total Current Assets 489 474 -------------------------------------------------------------------------------- Deferred Debits: Environmental 12 18 Nuclear plant decommissioning - 87 Assets held in trust, net - nuclear decommissioning 36 - Pension asset, net 266 265 Due from affiliates - pension and postretirement benefits 19 18 Other regulatory assets 295 267 Other 124 111 -------------------------------------------------------------------------------- Total Deferred Debits 752 766 -------------------------------------------------------------------------------- Total $5,807 $5,552 ================================================================================ -------------------------------------------------------------------------------- June 30, December 31, Millions of dollars 2003 2002 -------------------------------------------------------------------------------- Capitalization and Liabilities Stockholders' Investment: Common equity $1,977 $1,966 Preferred stock (Not subject to purchase or sinking funds) 106 106 -------------------------------------------------------------------------------- Total Stockholders' Investment 2,083 2,072 Preferred Stock, net (Subject to purchase or sinking funds) 9 9 Company-Obligated Mandatorily Redeemable Preferred Securities of the Company's Subsidiary Trust, SCE&G Trust I, holding solely $50 million principal amount of 7.55% Junior Subordinated Debentures of SCE&G - 50 Long-Term Debt, net 1,774 1,534 -------------------------------------------------------------------------------- Total Capitalization 3,866 3,665 -------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings 212 178 Current portion of long-term debt 144 144 Accounts payable 87 124 Accounts payable - affiliated companies 83 77 Customer deposits 24 22 Taxes accrued 109 93 Interest accrued 37 31 Dividends declared 38 42 Deferred income taxes, net 2 12 Other 25 37 -------------------------------------------------------------------------------- Total Current Liabilities 761 760 -------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 616 610 Deferred investment tax credits 107 108 Reserve for nuclear plant decommissioning - 87 Asset retirement obligation - nuclear plant 114 - Due to affiliates - pension and postretirement benefits 16 17 Postretirement benefits 136 131 Regulatory liabilities 124 109 Other 67 65 -------------------------------------------------------------------------------- Total Deferred Credits 1,180 1,127 -------------------------------------------------------------------------------- Total $5,807 $5,552 ================================================================================ Exhibit A-3 PUBLIC SERVICE COMPANY OF NORTH CAROLINA, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) -------------------------------------------------------------------------------- June 30, December 31, Millions of dollars 2003 2002 -------------------------------------------------------------------------------- Assets Gas Utility Plant $918 $895 Accumulated depreciation (336) (318) Acquisition adjustment, net of accumulated amortization 210 210 -------------------------------------------------------------------------------- Gas Utility Plant, Net 792 787 -------------------------------------------------------------------------------- Nonutility Property and Investments, Net 27 28 -------------------------------------------------------------------------------- Current Assets: Cash and temporary investments 4 1 Restricted cash and temporary investments 7 7 Receivables, net of allowance for uncollectible accounts of $2 and $2 48 98 Receivables-affiliated companies 13 14 Inventories (at average cost): Stored gas 37 38 Materials and supplies 5 6 Prepayments 1 1 Deferred income taxes, net 3 3 -------------------------------------------------------------------------------- Total Current Assets 118 168 -------------------------------------------------------------------------------- Deferred Debits: Due from affiliate-pension asset 14 14 Regulatory assets 32 20 Other 6 7 -------------------------------------------------------------------------------- Total Deferred Debits 52 41 -------------------------------------------------------------------------------- Total $989 $1,024 ================================================================================ ================================================================================ Capitalization and Liabilities Capitalization: Common equity 503 $487 Long-term debt, net 283 286 -------------------------------------------------------------------------------- Total Capitalization 786 773 -------------------------------------------------------------------------------- Current Liabilities: Short-term borrowings - 31 Current portion of long-term debt 8 8 Accounts payable 28 44 Accounts payable-affiliated companies 8 7 Customer prepayments and deposits 7 12 Taxes accrued 2 5 Interest accrued 5 6 Distributions/dividends declared 5 5 Other 10 11 -------------------------------------------------------------------------------- Total Current Liabilities 73 129 -------------------------------------------------------------------------------- Deferred Credits: Deferred income taxes, net 92 91 Deferred investment tax credits 2 2 Due to affiliate-postretirement benefits 16 16 Regulatory liabilities 9 1 Other 11 12 -------------------------------------------------------------------------------- Total Deferred Credits 130 122 -------------------------------------------------------------------------------- Total $989 $1,024 ================================================================================ Exhibit A-4 SOUTH CAROLINA GENERATING COMPANY, INC. BALANCE SHEETS June 30, 2003 and December 31, 2002 (Unaudited) ------------------------------------------------------------------------------- June 30, December 31, Thousands of dollars 2003 2002 ------------------------------------------------------------------------------- Assets Utility Plant: Plant in Service $294,420 $293,849 Less Accumulated Depreciation 132,199 131,708 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total 162,221 162,141 Construction Work in Progress 64,866 27,867 ------------------------------------------------------------------------------- Utility Plant, Net 227,087 190,008 ------------------------------------------------------------------------------- Current Assets: Cash 1,324 - Receivables from Affiliated Company 8,529 9,045 Other Accounts Receivable 272 273 Inventories: Fuel 11,870 11,357 Materials and Supplies 1,900 1,835 Prepayments 214 576 ------------------------------------------------------------------------------- Total Current Assets 24,109 23,086 ------------------------------------------------------------------------------- Deferred Debits 7,611 7,636 ------------------------------------------------------------------------------- Total $258,807 $220,730 =============================================================================== Capitalization and Liabilities Common Equity: Common Stock $20,000 $20,000 Other Paid in Capital 32,241 1,805 Retained Earnings 24,236 22,829 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Total Common Equity 76,477 44,634 Long-Term Debt, Net 69,950 69,950 ------------------------------------------------------------------------------- Total Capitalization 146,427 114,584 ------------------------------------------------------------------------------- Current Liabilities: Current Portion of Long-Term Debt 3,700 3,700 Accounts Payable 4,512 7,373 Due to Affiliate 48,750 37,444 Taxes Accrued 3,176 4,462 Interest Accrued 583 559 Dividends Declared 750 1,200 Other 261 124 ------------------------------------------------------------------------------- Total Current Liabilities 61,732 54,862 ---------------------------------------------------------- ---------------- Deferred Credits: Accumulated Deferred Investment Tax Credits 5,600 5,753 Accumulated Deferred Income Taxes 41,202 41,532 Other Deferred Credits 3,846 3,999 ----------------------------------------------------------- -------------------- Total Deferred Credits 50,648 51,284 ----------------------------------------------------------- -------------------- Total $258,807 $220,730 =========================================================== ==================== Exhibit B SCANA Corporation Capital Structure June 30, 2003 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 2,258 38.2% Preferred stock $ 115 1.9% Debt (long and short-term) $ 3,544 59.9% -------------------------------------- Total $ 5,917 100.0% ====================================== South Carolina Electric & Gas Company Capital Structure June 30, 2003 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 1,977 46.9% Preferred stock 115 2.7% Debt (long and short-term) 2,129 50.4% -------------------------------------- Total $ 4,221 100.0% ====================================== Public Service Company of North Carolina, Incorporated Capital Structure June 30, 2003 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 503 63.3% Debt (long and short-term) $ 291 36.7% -------------------------------------- Total $ 794 100.0% ====================================== South Carolina Generating Company, Incorporated Capital Structure June 30, 2003 (Dollars in Millions) % of Total Actual Capitalization Common equity $ 76 38.4% Debt (long and short-term) $ 122 61.6% -------------------------------------- Total $ 198 100.0% ======================================